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El-Erian Between Very Concerned & Scared

Wednesday, 5 Oct 2011 | 7:12 AM ET

The market and global economy have lost their anchors, including the US losing its credit rating, Switzerland losing is "safe-haven" status, and the European banks in crisis, says Mohamed El-Erian, PIMCO CEO & co-CIO. "The reality is the dog is Europe," he adds.